US Reliance On OPEC Oil Hits 30-Year Low

Daily Caller |Michael Bastasch | June 13, 2019

U.S. crude oil imports from the Saudi Arabian-led OPEC fell to a 30-year low, according to the latest federal figures.

OPEC imports fell to 1.5 million barrels per day in March, which is the lowest level since March 1986, the U.S. Energy Information Administration reported Thursday. EIA said OPEC imports fell “as domestic crude oil production has increased.”

“Americans are no longer dependent on foreigners for their energy, and Americans are getting good jobs producing that oil and gas right here at home,” Dan Kish, a distinguished senior fellow at the Institute for Energy Research, told The Daily Caller News Foundation.

“The threat against American energy security has shifted from OPEC to the halls of Congress, where members talk of the Green Raw Deal and carbon taxes that could torpedo our energy miracle,” Kish said.

The last time Americans were this independent from OPEC oil former President Ronald Reagan was in office and Halley’s Comet was visible in the night’s sky. EIA also noted that U.S. sanctions on Venezuela drove imports to a record low, including periods when the U.S. took no oil from it.

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